Davidson Capital Management Inc. Has $3.16 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Davidson Capital Management Inc. lifted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,018 shares of the semiconductor company’s stock after purchasing an additional 915 shares during the period. Davidson Capital Management Inc.’s holdings in KLA were worth $3,162,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Hutchens & Kramer Investment Management Group LLC lifted its holdings in KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares during the period. Richardson Financial Services Inc. raised its position in shares of KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after acquiring an additional 15 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of KLA by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 16 shares during the period. Finally, Ascent Wealth Partners LLC boosted its holdings in KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after acquiring an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 1.0 %

Shares of KLA stock opened at $758.62 on Wednesday. The company has a market capitalization of $100.81 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The stock has a fifty day simple moving average of $689.08 and a 200 day simple moving average of $715.10. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on KLAC. Deutsche Bank Aktiengesellschaft raised their price target on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group upped their price target on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Finally, StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.